I don't think they got ANYTHING....
When they had the Bank 'Bail In' in Greece, did the people who had their money taken to prop up the Banks, receive anything in return?
Sources
politico.eu favicon
imf.org favicon
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Answer
Greek government-debt crisis
A significant financial turmoil faced by Greece post-2007-2008 financial crisis
Duration
Early 2009 to Late 2018
Main Causes
Great Recession, structural weaknesses in the Greek economy, lack of monetary policy flexibility
Consequences
Sudden reforms, austerity measures, impoverishment, loss of income and property, social exclusion, and mass emigration of well-educated Greeks
The search results indicate that during the Greek government-debt crisis, the Greek government and European authorities implemented a "bail-in" policy where they confiscated a portion of deposits from bank accounts over €100,000 in order to recapitalize the Greek banking system. Specifically, the search results state: "In Cyprus, the government determined that anyone with more than €100,000 was disposable, and so was their money. Anyone – including small businesses – with more than that rather arbitrary amount had a significant portion of their deposits confiscated to prop up the banks."1 The search results do not indicate that the depositors whose money was confiscated received anything in return. The bail-in policy was implemented to shore up the Greek banking system, not to compensate the affected depositors. The search results suggest the bail-in was a controversial and unpopular measure that caused significant hardship for Greek citizens with substantial bank deposits. There is no mention of the depositors receiving any kind of compensation or equity in exchange for the money that was taken from their accounts.1
